Circle Explores Reversible Transactions to Combat Fraud and Hacks

According to PANews, Circle, a stablecoin issuer, is investigating the possibility of reversible transactions to aid in recovering funds lost to fraud and hacking incidents. This initiative appears to challenge the core principles of cryptocurrency, which emphasize irreversible and decentralized transactions. Circle's President, Heath Tarbert, disclosed to the Financial Times that the company is exploring mechanisms to reverse transactions in cases of fraud or hacking while maintaining the finality of settlements. He acknowledged the inherent contradiction between transaction reversibility and settlement finality source: https://www.binance.com/en/square/post/30157029435050?utm_source=BinanceNewsRSS